Here are the most common advantages attributed by myTax. They represent only a small part of all the automatic optimisations performed by its algorithms:
- Children: tax relief, tax bonus, single-parent credit, allowance for a child not forming part of the household, …
- Adaptation of the interest subsidy / interest relief and/or preferential rate granted by an employer for personal loans or loans linked to the main residence
- Revaluation of the deductibility limit for housing savings
- Categorisation of extraordinary expenses (childcare, funerals, cures, legal fees, ...) as actual expenses or allocation of flat-rate allowances
- Treatment of salaries received in the context of teleworking
- Treatment of salaries received during the Covid-19 crisis and/or following post-Covid-19 provisions
- Exemption of income not taxable in Luxembourg and treatment of foreign income taxable in Luxembourg
- Detection of the advantage or not to be requested to assimilate to residents (for non-residents)
- Financing costs related to the purchase/renovation of a property
- Categorisation of depreciation, capital expenditure, repair and/or maintenance costs
- Prorating for taxpayers who become residents or move during the year
- Detection of deductible expenses incurred abroad
- Rectification of tax class in case of errors in remuneration certificates
- Deduction of actual expenses related to the professional activity
- Increasing the deductibility limit via residual debt insurance paid in a single premium
